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BBCP (Concrete Pumping Holdings) Piotroski F-Score : 6 (As of Dec. 11, 2024)


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What is Concrete Pumping Holdings Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Concrete Pumping Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Concrete Pumping Holdings's Piotroski F-Score or its related term are showing as below:

BBCP' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 7 years, the highest Piotroski F-Score of Concrete Pumping Holdings was 8. The lowest was 4. And the median was 6.


Concrete Pumping Holdings Piotroski F-Score Historical Data

The historical data trend for Concrete Pumping Holdings's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Concrete Pumping Holdings Piotroski F-Score Chart

Concrete Pumping Holdings Annual Data
Trend Dec17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 5.00 6.00 6.00

Concrete Pumping Holdings Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 6.00 6.00 5.00 6.00

Competitive Comparison of Concrete Pumping Holdings's Piotroski F-Score

For the Engineering & Construction subindustry, Concrete Pumping Holdings's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Concrete Pumping Holdings's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Concrete Pumping Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Concrete Pumping Holdings's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jul24) TTM:Last Year (Jul23) TTM:
Net Income was 9.391 + -3.826 + 3.046 + 7.56 = $16.2 Mil.
Cash Flow from Operations was 30.643 + 20.299 + 9.146 + 35.029 = $95.1 Mil.
Revenue was 120.204 + 97.711 + 107.062 + 109.617 = $434.6 Mil.
Gross Profit was 48.892 + 33.314 + 41.767 + 44.505 = $168.5 Mil.
Average Total Assets from the begining of this year (Jul23)
to the end of this year (Jul24) was
(914.006 + 904.525 + 894.767 + 894.713 + 890.79) / 5 = $899.7602 Mil.
Total Assets at the begining of this year (Jul23) was $914.0 Mil.
Long-Term Debt & Capital Lease Obligation was $395.2 Mil.
Total Current Assets was $102.5 Mil.
Total Current Liabilities was $66.6 Mil.
Net Income was 8.532 + 6.475 + 5.588 + 10.336 = $30.9 Mil.

Revenue was 114.894 + 93.575 + 107.791 + 120.671 = $436.9 Mil.
Gross Profit was 48.612 + 36.454 + 43.474 + 49.484 = $178.0 Mil.
Average Total Assets from the begining of last year (Jul22)
to the end of last year (Jul23) was
(824.468 + 887.489 + 882.065 + 896.279 + 914.006) / 5 = $880.8614 Mil.
Total Assets at the begining of last year (Jul22) was $824.5 Mil.
Long-Term Debt & Capital Lease Obligation was $392.8 Mil.
Total Current Assets was $97.9 Mil.
Total Current Liabilities was $100.3 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Concrete Pumping Holdings's current Net Income (TTM) was 16.2. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Concrete Pumping Holdings's current Cash Flow from Operations (TTM) was 95.1. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jul23)
=16.171/914.006
=0.01769244

ROA (Last Year)=Net Income/Total Assets (Jul22)
=30.931/824.468
=0.03751631

Concrete Pumping Holdings's return on assets of this year was 0.01769244. Concrete Pumping Holdings's return on assets of last year was 0.03751631. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Concrete Pumping Holdings's current Net Income (TTM) was 16.2. Concrete Pumping Holdings's current Cash Flow from Operations (TTM) was 95.1. ==> 95.1 > 16.2 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jul24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul23 to Jul24
=395.155/899.7602
=0.43917813

Gearing (Last Year: Jul23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul22 to Jul23
=392.779/880.8614
=0.44590329

Concrete Pumping Holdings's gearing of this year was 0.43917813. Concrete Pumping Holdings's gearing of last year was 0.44590329. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jul24)=Total Current Assets/Total Current Liabilities
=102.472/66.61
=1.53838763

Current Ratio (Last Year: Jul23)=Total Current Assets/Total Current Liabilities
=97.901/100.281
=0.97626669

Concrete Pumping Holdings's current ratio of this year was 1.53838763. Concrete Pumping Holdings's current ratio of last year was 0.97626669. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Concrete Pumping Holdings's number of shares in issue this year was 53.775. Concrete Pumping Holdings's number of shares in issue last year was 54.105. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=168.478/434.594
=0.38766757

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=178.024/436.931
=0.40744191

Concrete Pumping Holdings's gross margin of this year was 0.38766757. Concrete Pumping Holdings's gross margin of last year was 0.40744191. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jul23)
=434.594/914.006
=0.47548266

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul22)
=436.931/824.468
=0.52995507

Concrete Pumping Holdings's asset turnover of this year was 0.47548266. Concrete Pumping Holdings's asset turnover of last year was 0.52995507. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+1+0+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Concrete Pumping Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Concrete Pumping Holdings  (NAS:BBCP) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Concrete Pumping Holdings Piotroski F-Score Related Terms

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Concrete Pumping Holdings Business Description

Traded in Other Exchanges
N/A
Address
500 E. 84th Avenue, Suite A-5, Thornton, CO, USA, 80229
Concrete Pumping Holdings Inc is a provider of concrete pumping services and concrete waste management services in the fragmented United States and United Kingdom markets. Its large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions. The company's operating segment includes U.S. Concrete Pumping; U.K. Operations; U.S. Concrete Waste Management Services and Corporate. It generates maximum revenue from the U.S. Concrete Pumping segment. Geographically, it generates majority of the revenue from its business in United States.
Executives
Bruce F. Young director, officer: Chief Executive Officer 28 WEST 44TH STREET, SUITE 501, NEW YORK NY 10036
Ryan Beres director ARGAND PARTNERS, 28 WEST 44TH STREET, 5TH FLOOR, NEW YORK NY 10036
Armstron Thomas K Jr director C/O TK INVESTMENTS LLC, 4908 WEST BRIAR DRIVE, FORT WORTH TX 76109
Stephen Alarcon director PENINSULA PACIFIC, LLC, 10250 CONSTELLATION BLVD., SUITE 2230, LOS ANGELES CA 90067
John M Piecuch director 2925 BRIARPARK, SUITE 1050, HOUSTON TX 77042
Brent M Stevens director, 10 percent owner PO BOX 5239, KETCHUM ID 83340
Brown David A B director
Matthew Homme director 28 WEST 44TH STREET, SUITE 501, NEW YORK NY 10036
Brian Hodges director C/O INDUSTREA ACQUISITION CORP., 28 WEST 44TH STREET, SUITE 501, NEW YORK NY 10036
Argand Partners, Lp 10 percent owner C/O INDUSTREA ACQUISITION CORP., 28 WEST 44TH STREET, SUITE 501, NEW YORK NY 10036
Owl Creek Sri Master Fund, Ltd. 10 percent owner 89 NEXUS WAY, 2ND FLOOR, CAMANA BAY, GRAND CAYMAN E9 KY1-1205
Owl Creek Ii, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek I, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Advisors, Llc 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019